Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
Has confirmed an upside five waves finished, and we are now in the 5th wave of the downside impulsive wave of an ABC expanded flat long-term. We have seen the 4th downside wave end here and the 5th downside wave in progress. Look lower as long as it is below 1.1300, with a fifth wave downside extended after the snapback pullback. The critical fifth wave extension and long-term support level is 1.07000, which is being broken, and we will now have an extension lower, possibly for the 5th wave finish around 1.0340 as long as the pair is below 1.06500.
The pair has completely invalidated the downside count by breaking above 118…
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